Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

25. When a landowner leases unimproved land to a tenant who agrees to erect a building on the land, the lease is usually referred to

image text in transcribed
25. When a landowner leases unimproved land to a tenant who agrees to erect a building on the land, the lease is usually referred to as a A. B. Mineral rights lease C. Lease purchase D. Ground Lease Variable Lease 26. All of the following are risk management techniques Except: A. Retain B. Control C. Tenant's Insurance D. Transfer 27. All of the following are common types of insurance coverage available to income property owners managers EXCEPT: and A. Fire and Hazard B. Liability C. Floor D. Tenant's Insurance 28. All of the following are types of maintenances EXCEPT: A. Routine B. Avoid C. Corrective D. Preventive 29. Preventive maintenance does which of the following? A. B. C. D. Provides estimates for tenants repairs Makes a property meet tenants needs Corrects problems after they've occurred Helps prevent problems and expenses 30. A property managers job is to: Increase the rent as need for the profitability of the owner A. B. Preserve and increase the value of the property C. Make sure the owner always has money for family vacations Invest the rental income to improve the profit for years' end cash flow D. RELMS Stands for: A. B. C. D. 31. Real Estate Licensing Management System Real Estate Mortgage System Real Estate Licensing and Mortgage System Real Estate Licensing Monitoring System

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems Controls And Processes

Authors: Leslie Turner, Andrea B. Weickgenannt, Mary Kay Copeland

5th Edition

1119989485, 9781119989486

More Books

Students also viewed these Accounting questions

Question

State ways to enrich, design, and simplify jobs.

Answered: 1 week ago

Question

What is regret ? (p. 2 49)

Answered: 1 week ago